Lithium carbonate futures rose sharply, and it was rumored that Ningde lithium concentrator would stop production

Gold ten futures special Xinhu Futures comments: lithium carbonate today intraday abnormal, the main LC2411 rose more than 7%, the day to increase the position of more than 2w hand, the main network said Ningde lithium concentrator will stop production, it is estimated that the three smelters monthly output of 5-6kt LCE. At present, it is understood that Ningde mineral processing has indeed suspended a line, and has not received a clear notice to stop all production. Ningde's Liao Xiawo mining area has an average taste of 0.27%, requiring 300 tons of raw ore to produce one ton of lithium carbonate. According to the market's calculation of the production cost of Liao Xiawo mining area in Ningde era, the cash cost of the mine in Ningde era is about 100,000 yuan/ton. Affected by the news, the short-term market sentiment has warmed up, and the market's expectation that the supply side will begin to clear has risen. Superimposed on the recent improvement in the fundamental margin, this has further boosted sentiment. Overall, the fundamentals of lithium carbonate are still weak, and the inventory pressure and the above hedging pressure are still large. In the future, we can continue to pay attention to the actual situation of Ningde's production reduction and shutdown and the impact on the customer supply ratio.